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Listing Courtesy of: Daniel Freifeld - San Diego Exclusive Properties 858-848-5478

$3,095,000

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4513-23 Cleveland Ave Unit 23 San Diego, CA 92116

Multi-Family Residence

9 Beds

6 Baths

... Bed/Bath

3,400 Sq. Ft.

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Last updated on 12/22/2025 1:40 PM

Listing Details

4513–4523 Cleveland Ave University Heights, San Diego We are proud to present 4513–4523 Cleveland Ave, a newly renovated 6-unit multifamily property in the heart of University Heights, one of San Diego’s most desirable and high-demand rental markets. The property offers an ideal mix of (3) one-b...ed/one-bath units and (3) two-bed/one-bath units, all upgraded to modern, tenant-preferred standards. Four units are already leased to highly qualified tenants, while two brand-new units have just been completed and are ready for immediate lease-up. Each unit features brand-new appliances, updated electrical, in-unit washer/dryers, and new mini-split heating and cooling systems, creating durable long-term value and strong renter appeal. These upgrades significantly reduce maintenance needs and position the property as a top-tier offering within the submarket. Located steps from Park Blvd and Adams Ave, residents enjoy walkability to cafés, restaurants, entertainment, and major transit connections—ensuring exceptionally low vacancy risk and consistent rental demand. Investment Highlights • Fully renovated, turnkey asset • Strong unit mix with balanced tenant appeal • 4 stabilized units + 2 brand-new units • All units feature new appliances, electrical, W/Ds, and mini-splits • Prime University Heights location with excellent appreciation potential This is a rare chance to acquire a high-quality, low-maintenance property with both immediate cash flow and long-term upside. Continue reading

MLS#

250044414

Property Type

Multi-Family

Bedrooms

Bathrooms

Square Feet

3,400 sq. ft

Lot Size

0.16

Stories

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